Investec Asset Management’s Sam Spencer joined the company in the summer of 2012 after five years
working on the FICC macro desk at MAN GLG.

Initially he had focussed primarily on equities, but
he progressed to all asset classes over the past year.

He says that working in the sovereign bond
markets was one of the notable differences to trading
with the highly transparent US stock market.

Spencer has mentored interns and become more
heavily involved in the trading of emerging market
debt in recent months. He says recent career highlights
include having executed some sizeable trades in very
small, illiquid markets with minimal impact on price.

He describes his style as “not being afraid togo big when the time is right and maintaining closerelationships with major trading counterparties.”Spencer has also been involved in several charityprojects outside of the working day, joining colleaguesto take part in the Prudential Ride London 100 bike ridelast year, raising thousands for charities including ‘Tusk’,an organisation with which Investec has close links. n

Tim Snelgrove

Head of trading

RARE INFRASTRUCTURE

Tim Snelgrove moved from Australia to London at the
beginning of 2014 to set up RARE’s
local trading desk for Europe, US
and Latin American markets.

The resulting changes to
RARE’s internal procedures and
technology platforms led to a
record level of executed blocks
with a 20% increase in blocks
over 1x ADV to 35% of total
trading in 2014.

During the first half of

2015, Snelgrove led the design
and implementation of a new
commission management
framework, which allowed
the business to become fully
unbundled from July.

Snelgrove also led a project
to implement a new transaction
cost analysis overlay to monitor
and minimise costs from the
company’s FX hedging book.

Outside of work, he
competed in the London
Triathlon last year raising more
than $1,500 for charity.

He holds a Bachelor’s degree
in Commerce (Liberal Studies)

from the University of Sydney
with a triple major in Accounting,
Finance, Government and
International Relations. n

Arjun Singh-Muchelle

Regulatory Affairs senior adviser

THE INVESTMENT ASSOCIATION

Over the past year, Arjun Singh- Muchelle has been leading the
Investment Association’s work on bond
market liquidity and transparency under
MIFID.

He has been instrumental in building
a group of like-minded buy-siders to
engage with regulators and enhance
understanding of regulatory concerns
from an asset management perspective.

His role at the InvestmentAssociation means he is involved withall capital market and dealing-relatedissues and has been a key player inhigh-profile regulatory discussionson the future of the corporate bondmarket, capital markets union,securitisation and market abuse.

Despite only turning 30 this year,
Singh-Muchelle has already racked up
an impressive CV.

He joined the Investment
Association in September 2013 from the
British Bankers’ Association where he
had been head of EU Affairs for a little
over two years, at a time when the BBA
was rarely out of the media spotlight.

He has also spent time working atthe European Commission as a policyanalyst and has been an economistof the Office of the Superintendent ofFinancial Institutions of Canada.

Singh-Muchelle has a clutch of
academic qualifications including a PhD
in International Political Economy from
London School of Economics and Political
Science and a BA in Global Political
Economy from the University of York. n